Have a look at the following table to understand how the eligibility calculator works:
| Loan Amount |
Rate of Interest |
Loan Tenure |
EMI |
| Rs. 1,02,000 |
11.62% |
12 months |
Rs. 9,044 |
| Rs. 1,57,000 |
11.62% |
15 months |
Rs. 11,296 |
| Rs. 2,49,000 |
11.75% |
19 months |
Rs. 14,425 |
| Rs. 3,59,000 |
12% |
25 months |
Rs. 16,301 |
| Rs. 4,69,000 |
12.12% |
30 months |
Rs. 18,200 |
| Rs. 5,78,000 |
12.25% |
33 months |
Rs. 20,719 |
| Rs. 6,60,000 |
Rs. 12.5% |
45 months |
Rs. 18,446 |
Benefits of Using EMI Calculator
- It is much easier to calculate your EMIs using a personal loan EMI Calculator as all you need to do is to scroll the bar to the preferred loan amount, tenure and interest rate to know your EMI
- Calculating the EMIs manually is a time consuming process, but the online EMI calculator calculates it for you within a few seconds
- The EMI calculator uses a formula and tells you the exact EMI, while a manual calculation may go wrong
